Omkar Realtors in JV launching project in Mahim

Mumbai-based realty players Omkar Realtors and Anand Piramal led Piramal Realty in partnership are building a new project in Mahim. The companies are in advanced stages of discussions to jointly develop a 5-acre prime sea-facing property. This will be the second joint venture agreement between the two after the iconic Dhobi Ghat redevelopment project at Mahalaxmi spread across 12 acres. Earlier, Omkar had also entered into a joint development agreement with L&T Realty for a17-acre redevelopment project in the Parel area, called Crescent Bay, and with Godrej Properties to develop a 4.25 acre project in the tony Bandra West area. The project is being undertaken under the slum rehabilitation scheme by Omkar and Piramal. While Omkar will develop the slum rehabilitation component, Piramal will handle the commercially saleable component which will be a luxury residential development. The companies have decided to launch the project in this fiscal.

: Published: 19 April 2019

World Tunnel Congress 2020 to be held from 15 to 21 May 2020 in Kuala Lumpur.

The world's greatest meeting of tunnellers, the ITA-AITES World Tunnel Congress (WTC) and the 46th ITA General Assembly 2020, is being organized by the Institution of Engineers, Malaysia (IEM) in Kuala Lumpur from 15 to 21 May 2020 Read More ...

MMRDA launches longest sea-bridge on ₹14,260-cr project

The Maharashtra government has launched construction work for the country's longest sea-bridge on the Mumbai Trans Harbour Link (MTHL) project involving an investment of ₹14,260 crore at the Mumbai-end in Sewri. The CM unveiled the Read More ...

Railway rolls out ₹22,500-cr projects for private players

In a bid to put rail transportation services on fast-track, the Railway Board has unveiled an ambitious plan to allow private trains on the Indian Railways network. The move was recently sanctioned by NITI Aayog and the Indian Railways Read More ...

MoRTH releases ₹1,455-cr for NH-21 project in HP

The Central government has released funds worth ₹1455.73 crore for completion of the four-laning of Kiratpur to Nerchowk National Highway (NH). Once completed, it will facilitate people of the state to travel from remote areas Read More ...

AIIB injects ₹2,306-cr in Chennai metro project

The Asian Infrastructure Investment Bank (AIIB) has agreed to inject ₹2,306 crore for the construction of a 18-km elevated stretch between Meenakshi College in Kodambakkam and Poonamallee bypasses, which are part of Chennai Metro Rail Read More ...

DDA unveils 11 residential luxury towers in Dwarka

Delhi Development Authority is set to make its most high-end residential offering in the city with 11 residential towers comprising 1,114 flats, which would include 14 penthouses, 168 super-HIG flats and 932 HIG flats. These flats in Read More ...

MMRDA plans double-decker metro depot

Mumbai Metropolitan Region Development Authority (MMRDA) has decided to build an avant-grade double-decker Metro depot at Mandale to cater to the requirements of Metro line 2A, 2B and 7. To carry out washing works of Read More ...

NCRTC floats bids for seven elevated corridors

The National Capital Region Transport Corporation (NCRTC) has invited bids for detailed design consultant (DDC) for seven elevated stations at the rapid rail network, said an official spokesperson. The work includes civil, architectural Read More ...

Decks cleared for ₹8,300-cr V'patnam metro rail

Decks have been cleared for the revised Visakhapatnam Metro Rail Project as the government is planning to extend the metro rail stretch from 42.55 km to 80 km with a tram system, apart from the metro rail. The tram system will be Read More ...

SECR floats tenders for ₹307-cr Anuppur-Katni line

The South East Central Railway has floated tenders for works on Anuppur-Katni third line in Madhya Pradesh where the scope of work includes execution of earthwork in formation, construction of major and minor bridges, supply of Read More ...

Signature Global launches ₹375-cr realty project

Signature Global has announced that it is investing ₹375 crore to develop a new housing project in Gurugram, and plans to launch 20,000 units under the affordable housing segment this year. Construction of its new project Read More ...

DPR ready for twin Metrolite projects in Delhi

Delhi Metro Rail Corporation (DMRC) has submitted detailed project reports for the two Metrolite corridors - Rithala to Narela (21.7km) and Kirti Nagar to Dwarka ECC (Exhibition-cum-Convention Centre) in Sector 25 (19km) — to the Delhi Read More ...

L&T secures ₹5,000-cr contract across segments

L&T Construction has bagged orders in the transportation infrastructure, buildings, factories and water effluent treatment businesses entailing an investment worth about ₹5,000 crore. It has bagged orders from the Mumbai Read More ...

CMRL scouts consultants for extended metro corridors

Even as construction work is set to commence on a part of the 118.9-km phase-2 metro rail, the Chennai Metro Rail Limited (CMRL) has started scouting for a general consultant to oversee construction of another portion of the corridors Read More ...

Budget 2020-21 to announce CEF for infra projects

The government has set up a Credit Enhancement Fund to support infrastructure projects that are rated below 'AA' to ensure their completion. The fund will provide credit enhancement to such projects, enabling them to raise loans Read More ...

Tata Project secures ₹500-cr realty contract

Hines, the international real estate firm, and Conscient Infrastructure have together awarded the ₹500 crore construction contract for their premium residential development 'Elevate' to Tata Projects. The contract includes Read More ...